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Red Lobster

Financing

Red Lobster to file for bankruptcy this month, report says

 By Joe Guszkowski on May 14, 2024

A filing could come as early as next week, according to the Wall Street Journal. The seafood chain closed dozens of restaurants in recent days.

Financing

Red Lobster closes dozens of locations nationwide as bankruptcy looms

 By Joe Guszkowski on May 13, 2024

The wave of at least 99 closures across the country comes as the seafood chain is reportedly planning to file for bankruptcy.

Financing

Red Lobster owner expects to sell its share of the chain this year

By Joe Guszkowski on May 09, 2024

Thai Union Group is “actively engaged” in negotiations with potential buyers for its stake in the struggling seafood chain.

Financing

Red Lobster is struggling to pay its bills, vendors say

By Joe Guszkowski on Apr. 18, 2024

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

Financing

In Red Lobster, a symbol of the challenges with casual dining

By Jonathan Maze on Apr. 17, 2024

The Bottom Line: Consumers have shifted dining toward convenience or occasions, and that has created havoc for full-service restaurant chains. How can these companies get customers back?

Financing

Report: Red Lobster is preparing for bankruptcy filing

By Heather Lalley on Apr. 16, 2024

The struggling seafood chain is hoping Chapter 11 protection will help it restructure its debt while keeping its restaurants operating, according to Bloomberg.

Financing

How Red Lobster got in over its head

By Joe Guszkowski on Apr. 03, 2024

Leadership problems, a tough economy and all-you-can eat shrimp have brought the nation's biggest full-service seafood chain to the brink of rock bottom.

Food

Red Lobster's iconic Cheddar Bay Biscuits change shape

By Patricia Cobe on Apr. 01, 2024

April Fool’s joke or permanent switch? The classic biscuits get elongated into breadsticks on Monday.

Leadership

Red Lobster names restructuring expert as new CEO

By Joe Guszkowski on Mar. 22, 2024

Industry veteran Jonathan Tibus will take the reins as owner Thai Union Group prepares to sell the seafood chain. He replaces Horace Dawson, who is retiring.

Financing

How the once-mighty are falling in casual dining

By Peter Romeo on Jan. 30, 2024

Restaurant Rewind: Dominance within the full-service sector has shifted appreciably during the last 20 years. Here’s a look at how the balance of power has shifted, humbling two powerhouses in particular.

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